In October 2023, Tech Innovations Co. fell victim to a ransomware attack that significantly impacted their operations. The attack encrypted vital research data and demanded a large ransom for decryption keys. Efforts to recover the data without yielding to the demands were initially unsuccessful, causing significant delays in product development and loss of competitive advantage. Furthermore, the breach was leaked to the press, leading to a notable decline in investor confidence and a subsequent drop in stock prices. The company was forced to spend millions on cybersecurity improvements and public relations campaigns to rebuild its tarnished reputation.
Source: https://konbriefing.com/en-topics/cyber-attacks.html
"id": "tec111050724",
"linkid": "tech-innovations-co",
"type": "Cyber Attack",
"date": "10/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"